Barclays PLC Reduces Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Barclays PLC decreased its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 59.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,118 shares of the company's stock after selling 32,023 shares during the period. Barclays PLC's holdings in Schneider National were worth $631,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SNDR. The Manufacturers Life Insurance Company grew its position in shares of Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company's stock valued at $342,000 after purchasing an additional 493 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Schneider National by 1.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company's stock valued at $1,847,000 after buying an additional 1,341 shares during the period. Oppenheimer Asset Management Inc. grew its position in Schneider National by 1.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company's stock worth $3,280,000 after buying an additional 1,424 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Schneider National by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company's stock worth $417,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Schneider National by 8.6% in the 3rd quarter. Creative Planning now owns 27,776 shares of the company's stock valued at $793,000 after acquiring an additional 2,205 shares in the last quarter. Institutional investors own 28.54% of the company's stock.

Schneider National Stock Down 0.5 %

Shares of SNDR stock traded down $0.15 during midday trading on Thursday, reaching $29.13. 554,083 shares of the stock were exchanged, compared to its average volume of 818,232. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90. The firm has a market cap of $5.10 billion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 3.24 and a beta of 0.89. The company's 50 day moving average is $30.48 and its two-hundred day moving average is $27.73. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, equities research analysts predict that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National's dividend payout ratio (DPR) is 61.29%.

Insider Transactions at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares of the company's stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the sale, the chief accounting officer now owns 155,366 shares in the company, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,555 shares of company stock valued at $2,153,011. Insiders own 32.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SNDR shares. Susquehanna decreased their price target on shares of Schneider National from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Evercore ISI reduced their target price on Schneider National from $27.00 to $26.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Benchmark lifted their price target on Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their price objective on Schneider National from $25.00 to $27.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Finally, Citigroup downgraded Schneider National from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Schneider National has an average rating of "Hold" and an average price target of $29.08.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.